Affordability is often crunched into a single number, but how does it differ across the spectrum of salaries?
The vast majority of Miami’s housing stock is unaffordable for someone earning a median salary.
That was the central finding of a fascinating new analysis from Redfin, which compared the median salaries in the nation’s larger metro areas with median home price.
See our graph below for a fuller picture of when, exactly, our market becomes affordable on the income scale:
look at these numbers.